Implements the European Union’s sixth sanctions package in relation to the war in Ukraine
29 Jun 2022
On 29 June 2022, the Swiss Federal Council amended the Ordinance on measures in connection with the situation in Ukraine (Ordonnance instituant des mesures en lien avec la situation en Ukraine) to implement the European Union’s sixth sanctions package. The new sanctions cover among others the following:
1. Embargo on crude oil and certain petroleum products that includes the purchase, import, transit and transport of these products originating or exported from the Russian Federation into Switzerland and a ban on the provision of related services, such as insurance or reinsurance, the provision of technical assistance, brokering services and financial services;
2. Prohibition on the provision of accounting, auditing, bookkeeping or tax consulting services, business and management consulting or public relations services to the Government of the Russian Federation or to entities established in the Russian Federation.
The measures came into force on 29 June 2022.
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Type:
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Treatment and operation (Other sector specific regulation)
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Treatment and operation (Operational conditions)
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Industry:
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Not industry specific
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Manufacturing (Manufacture of coke and refined petroleum products)
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Services (Transportation and storage, Financial and insurance activities, Other service activities)
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Sources:
